ValueClick profits jump 33%, firm to sell sites
Online advertising firm ValueClick’s third-quarter profits jumped 33 percent to $22.1 million and the firm announced plans to sell off company-owned websites such as Investopedia.com and CouponMountain.com.
“We delivered strong profitability and cash flow in the third quarter, driven by a continued mix shift into our higher-value-added offerings,” ValueClick CEO and President John Giuliani said in a news release. “Solid year-over-year growth in our CRM, affiliate marketing, mobile, video and cross-device solutions was offset by weakness in our insertion order display business within the media segment.”
Local Market Launch raises $1.5M
Santa Barbara-based Local Market Launch, a firm that helps small businesses create and maintain an online presence, has raised $1.5 million in venture capital, bringing its total raised to date to $2.7 million. The company was founded last year by Brian Coryat, the founder of digital advertising firm ValueClick. The funding came from Santa Barbara-based Read More →
ValueClick names new CEO
Two and a half years after James Zarley took the helm of ValueClick, the digital marketing company said he’s being replaced by new president and CEO John Giuliani. Giuliani, who’s been the Westlake Village-based firm’s chief operating officer since April, will step into his new role immediately. He succeeds Zarley, who has been the marketing Read More →
‘Amazon tax’ doesn’t dent online shopping, area firms say
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Connexity caps funding at $3 million
Ventura-based digital advertising firm Connexity has raised $1.1 million in a financing round led by Santa Barbara-based Rincon Venture Partners with participation from Santa Monica-based Siemer Ventures and has quit seeking seed funding. Connexity was founded by a group of digital ad veterans who previously founded Fastclick, which was sold to Westlake Village-based ValueClick for Read More →
Banks lead region’s stocks at midyear
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